Nonprofit · EIN 83-0765672
THE FEDCAP GROUP INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $33,667,901 | $32,126,700 | $1,541,201 | $46,686,784 | $46,936,413 | -$249,629 |
| September 30, 2024 | 990 | $36,277,188 | $32,943,597 | $3,333,591 | $30,575,557 | $33,468,159 | -$2,892,602 |
| September 30, 2023 | 990 | $24,697,027 | $24,231,270 | $465,757 | $27,129,496 | $35,068,459 | -$7,938,963 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $934,159
- Program service revenue
- $30,761,340
- Investment income
- $1,970,129
- Net income from fundraising events
- -$289,721
- Other revenue
- $2,273
Expenses
- Grants and similar amounts paid
- $499,736
- Compensation of officers, directors and key employees
- $2,597,885
- Other salaries and wages
- $10,096,025
- Salaries, compensation and benefits (total)
- $12,819,046
- Professional fundraising fees
- $0
- Legal fees
- $363,405
- Accounting fees
- $784,449
- Occupancy
- $3,706,647
- Travel
- $372,531
- Depreciation
- $226,545
- Program services (functional)
- $1,108,209
- Management and general (functional)
- $30,220,249
- Fundraising (functional)
- $798,242
Balance sheet and other
- Total assets, start of year
- $30,575,557
- Total assets, end of year
- $46,686,784
- Total liabilities, end of year
- $46,936,413
- Net assets, end of year
- -$249,629
- Land, buildings and equipment
- $572,338
- Net assets without donor restrictions
- -$249,629
- Gross receipts
- $34,173,106
- Employees
- 132
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE MCMAHON | PRESIDENT & CEO OF FEDCAP Officer | 40 | $742,054 | $0 | $152,135 |
| ANDREW RASIEJ | DEPARTMENT OFFICER Highest-paid employee | 40 | $481,575 | $0 | $17,783 |
| JAMES MALATRAS | CHIEF STRATEGY OFF. & VP EDUC. Officer | 40 | $450,090 | $0 | $921 |
| CAROL KHOURY | CFO OF FEDCAP Officer | 40 | $373,709 | $0 | $31,322 |
| STEVEN COONS | PRESIDENT, FEDCAP REHABILI Officer | 1 | $0 | $340,762 | $32,758 |
| PRAVEEN VENUGOPAL | CHIEF HUMAN RESOURCE OFFICER Officer | 40 | $320,448 | $0 | $29,668 |
| TAMMY MICKELSON | CHIEF INFORMATION OFFICER Officer | 40 | $311,077 | $0 | $25,432 |
| GRANT COLLINS | SVP WORKFORCE DEVELOPMENT Officer | 1 | $0 | $296,214 | $21,494 |
| MARTIN HANNA | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $261,835 | $0 | $9,518 |
| JAMES DUNN | VICE PRESIDENT Highest-paid employee | 40 | $231,066 | $0 | $33,250 |
| HESTER MUIS | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $246,580 | $0 | $14,673 |
| KENNETH BREZENOFF | GEN. COUNSEL & VP STRAT. Officer | 40 | $241,290 | $0 | $18,685 |
| PAUL COURVILLE | VICE PRESIDENT INFORMATION SYSTEMS Highest-paid employee | 40 | $209,085 | $0 | $7,091 |
| MARK O'DONOGHUE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LYNN MORGEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER SAMUELS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK COOPER | BOARD MEMBER (THRU 10/24) Trustee or director | 1 | $0 |
| KRISTIE JUSTER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE MCMAHON | PRESIDENT & CEO OF FEDCAP Officer | 40 | $740,366 | $0 | $151,561 |
| STEVEN COONS | PRESIDENT, FEDCAP REHABILI Officer | 1 | $0 | $417,409 | $10,262 |
| JAMES MALATRAS | CHIEF STRATEGY OFF. & VP EDUC. Officer | 40 | $415,468 | $0 | $541 |
| CAROL KHOURY | CFO OF FEDCAP Officer | 40 | $339,404 | $0 | $8,517 |
| GRANT COLLINS | SVP WORKFORCE DEVELOPMENT Officer | 1 | $0 | $296,790 | $21,190 |
| ANDREW RASIEJ | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $282,826 | $0 | $17,948 |
| TAMMY MICKELSON | CHIEF INFORMATION OFFICER Officer | 40 | $270,541 | $0 | $20,073 |
| KENNETH BREZENOFF | GEN. COUNSEL & VP STRAT. Officer | 40 | $243,373 | $0 | $18,802 |
| GILBERT RICOTTA | VP REVENUE CYCLE Highest-paid employee | 40 | $249,200 | $0 | $10,096 |
| MARTIN HANNA | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $249,200 | $0 | $0 |
| MARYAM SHAHRESTANI | DIR OF ORACLE HCM CLOUD PRODUCTS Highest-paid employee | 40 | $190,377 | $0 | $5,195 |
| PAUL COURVILLE | VP INFORMATION SYSTEMS Highest-paid employee | 40 | $187,258 | $0 | $6,404 |
| MARK O'DONOGHUE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LYNN MORGEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER SAMUELS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LANDAU | BOARD MEMBER (THRU 01/24) Trustee or director | 1 | $0 | $0 | $0 |
| MARK COOPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KRISTIE JUSTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE MCMAHON | PRESIDENT & CEO OF FEDCAP Officer | 40 | $655,045 | $45,546 | $151,452 |
| CAROL KHOURY | CFO OF FEDCAP Officer | 40 | $300,314 | $25,026 | $8,726 |
| STEVEN COONS | PRESIDENT, FEDCAP REHABILITATION Officer | 1 | $0 | $300,396 | $9,657 |
| GRANT COLLINS | SVP WORKFORCE DEVELOPMENT Officer | 1 | $0 | $283,270 | $20,660 |
| TAMMY MICKELSON | CHIEF INFORMATION OFFICER Officer | 40 | $228,567 | $19,047 | $17,655 |
| KENNETH BREZENOFF | GEN. COUNSEL & VP STRAT. INIT. Officer | 40 | $225,442 | $16,969 | $18,257 |
| RICHARD MATIST | VP IT OPERATIONS Highest-paid employee | 40 | $164,033 | $12,900 | $22,401 |
| GILBERT RICOTTA | VP REVENUE CYCLE Highest-paid employee | 40 | $173,616 | $14,635 | $8,565 |
| GEORGE BAYIOKOS | CONTROLLER Highest-paid employee | 40 | $153,540 | $12,795 | $28,982 |
| LYELL RITCHIE | SVP, BUSINESS DEVELOPMENT Highest-paid employee | 40 | $157,458 | $13,121 | $22,936 |
| DONNA QUINN | VP HR BENEFITS Highest-paid employee | 40 | $159,509 | $13,313 | $14,563 |
| MARK O'DONOGHUE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LYNN MORGEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER SAMUELS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LANDAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK COOPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KRISTIE JUSTER | BOARD MEMBER (AS OF 06/2023) Trustee or director | 1 | $0 | $0 | $0 |
| JIM MALATRAS | CHIEF STRATEGY OFF. (AS OF 03/2023) Officer | 40 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 633 THIRD AVENUE 6TH FL, NEW YORK, NY 10017-6733
- In care of
- % KENNETH BREZENOFF
- Mailing address (990-N for 2019)
- 633 3RD AVENUE 6TH FLOOR, NEW YORK NY 10017
- Principal officer (990 for 2024)
- CHRISTINE MCMAHON, 633 THIRD AVE 6TH FL, NEW YORK, NY 10017
- Principal officer (990-N for 2019)
- CAROL KHOURY, 633 3RD AVENUE 6TH FLOOR, NEW YORK NY 10017
- Signed the 990
- CAROL KHOURY, CFO
- Phone
- (212) 727-4200
- Website
- HTTPS://FEDCAPGROUP.ORG/
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- THE FEDCAP GROUP ADVANCES EDUCATIONAL OPPORTUNITY THROUGH A CONTINUUM OF PROGRAMS DESIGNED TO SUPPORT LIFELONG LEARNING AND IMPROVE ECONOMIC MOBILITY. EDUCATIONAL SERVICES INCLUDE EARLY CHILDHOOD EDUCATION, K-12 SUPPORT, POST-SECONDARY READINESS, CAREER AND TECHNICAL TRAINING, AND SPECIALIZED SERVICES FOR YOUTH FACING BARRIERS TO EDUCATIONAL SUCCESS. THROUGH ITS NETWORK OF NONPROFIT AFFILIATES, THE FEDCAP GROUP HELPS CHILDREN, YOUTH, AND ADULTS DEVELOP THE KNOWLEDGE, SKILLS, AND CREDENTIALS NECESSARY TO SUCCEED IN SCHOOL, PURSUE HIGHER EDUCATION, AND COMPETE IN THE MODERN WORKFORCE. PROGRAMS ARE DESIGNED TO IMPROVE EDUCATIONAL ATTAINMENT, FOSTER INDEPENDENCE, AND CREATE PATHWAYS TO LONG-TERM SELF-SUFFICIENCY.Expenses $1,108,209 · grants $499,736 · revenue $23,654
- THE FEDCAP GROUP PROVIDES WORKFORCE DEVELOPMENT PROGRAMS THAT PREPARE INDIVIDUALS FOR MEANINGFUL EMPLOYMENT AND LONG-TERM CAREER ADVANCEMENT. THROUGH INDUSTRY-ALIGNED JOB TRAINING, CAREER READINESS SERVICES, PLACEMENT ASSISTANCE, AND POST-EMPLOYMENT SUPPORT, THE ORGANIZATION HELPS INDIVIDUALS OVERCOME BARRIERS TO EMPLOYMENT AND SECURE SUSTAINABLE JOBS. SERVICES ARE PROVIDED TO DIVERSE POPULATIONS, INCLUDING INDIVIDUALS WITH DISABILITIES, VETERANS, JUSTICE-INVOLVED INDIVIDUALS, YOUTH, OLDER WORKERS, AND OTHERS FACING EMPLOYMENT CHALLENGES. BY PARTNERING WITH EMPLOYERS AND COMMUNITY STAKEHOLDERS, THE FEDCAP GROUP WORKS TO STRENGTHEN WORKFORCE PARTICIPATION, INCREASE EARNINGS POTENTIAL, AND PROMOTE ECONOMIC INDEPENDENCE.revenue $30,737,686
- THE FEDCAP GROUP SUPPORTS HEALTH AND ECONOMIC WELL-BEING THROUGH PROGRAMS THAT IMPROVE ACCESS TO HEALTHCARE, STRENGTHEN COMMUNITIES, AND CREATE PATHWAYS TO ECONOMIC OPPORTUNITY. HEALTH-FOCUSED INITIATIVES INCLUDE CARE COORDINATION, HEALTH EDUCATION, ACCESS TO TREATMENT, AND OTHER SERVICES INTENDED TO IMPROVE OUTCOMES AND REDUCE BARRIERS TO HEALTHY LIVING. ECONOMIC DEVELOPMENT ACTIVITIES PROMOTE JOB CREATION, COMMUNITY REVITALIZATION, SOCIAL ENTERPRISE, WORKFORCE INVESTMENT, AND OTHER STRATEGIES DESIGNED TO STRENGTHEN LOCAL ECONOMIES AND EXPAND OPPORTUNITIES FOR UNDERSERVED POPULATIONS. THROUGH THESE INTEGRATED EFFORTS, THE FEDCAP GROUP SEEKS TO IMPROVE QUALITY OF LIFE, ADVANCE ECONOMIC MOBILITY, AND BUILD STRONGER AND MORE RESILIENT COMMUNITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 83-0765672
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J02)
- Assets (IRS master file)
- $46,686,784
- Income (IRS master file)
- $34,173,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $33,667,901 | $32,126,700 | $46,686,784 | XML |
| 990 | September 2024 | $36,277,188 | $32,943,597 | $30,575,557 | XML |
| 990 | September 2023 | $24,697,027 | $24,231,270 | $27,129,496 | XML |
| 990 | September 2022 | $8,832,900 | $15,387,565 | $191,700 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: CAROL KHOURY | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Carol Khoury | September 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0765672).
Questions about THE FEDCAP GROUP INC
- What is the EIN of THE FEDCAP GROUP INC?
- The employer identification number (EIN) of THE FEDCAP GROUP INC is 83-0765672.
- Is THE FEDCAP GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE FEDCAP GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FEDCAP GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FEDCAP GROUP INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FEDCAP GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of THE FEDCAP GROUP INC?
- The 990 for the year ended September 30, 2025 names CHRISTINE MCMAHON.
- Who are the officers and directors of THE FEDCAP GROUP INC?
- The 990 for the year ended September 30, 2025 lists 18 people; 11 received compensation from the organization, the highest $742,054 (CHRISTINE MCMAHON, PRESIDENT & CEO OF FEDCAP).
- How much revenue does THE FEDCAP GROUP INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $33,667,901, expenses of $32,126,700 and total assets of $46,686,784 at year end.
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